The year 2024 is shaping up to be an exciting time for real estate enthusiasts. If you’re a first-time land buyer or a seasoned land investor, these hot real estate markets are worth keeping an eye on. Here’s a breakdown of Realtors.com 10 must-see real estate markets of 2024, along with key insights and forecasts for each city.
Toledo, OH has emerged as a promising real estate market for 2024. With its affordable housing options and a growing job market, it has become an attractive destination for first-time buyers and investors alike.
2. Oxnard, CA
November median home list price: $1,037,000
Forecasted 2024 home sales price change: 3.3%
Forecasted 2024 home sales change: 18%
Oxnard, CA offers a unique blend of coastal living and economic potential. The real estate market in Oxnard has been showing signs of strong growth, making it a noteworthy location for those looking to capitalize on emerging opportunities.
3. Rochester, NY
November median home list price: $239,000
Forecasted 2024 home sales price change: 10.4%
Forecasted 2024 home sales change: 6.2%
Rochester, NY has been gaining attention as a real estate hot spot in 2024. The city’s affordable housing market and thriving cultural scene make it an appealing choice for both residential and investment purposes.
4. San Diego, CA
November median home list price: $995,000
Forecasted 2024 home sales price change: 5.4%
Forecasted 2024 home sales change: 11%
San Diego, CA continues to be a top real estate market, attracting buyers and investors with its picturesque landscapes, diverse job market, and a robust housing sector that promises long-term value.
5. Riverside, CA
November median home list price: $585,000
Forecasted 2024 home sales price change: 2%
Forecasted 2024 home sales change: 13.8%
Riverside, CA has been identified as a real estate market to watch in 2024. Its strategic location, affordable housing, and burgeoning economy make it an enticing prospect for those seeking real estate opportunities.
6. Bakersfield, CA
November median home list price: $385,000
Forecasted 2024 home sales price change: 2.3%
Forecasted 2024 home sales change: 13.4%
Bakersfield, CA has been gaining momentum as a real estate market with immense potential. Its affordable housing market and promising economic outlook position it as a key player in the 2024 real estate landscape.
7. Springfield, MA
November median home list price: $350,000
Forecasted 2024 home sales price change: 4.2%
Forecasted 2024 home sales change: 10.5%
Springfield, MA has emerged as a real estate market worth exploring in 2024. Its affordable housing options and growing job market make it an appealing destination for both homebuyers and investors.
8. Worcester, MA
November median home list price: $475,000
Forecasted 2024 home sales price change: 4.8%
Forecasted 2024 home sales change: 9.1%
Worcester, MA has been making waves in the real estate industry in 2024. With its affordable housing market and revitalized downtown area, it presents promising opportunities for those looking to enter the real estate market.
9. Grand Rapids, MI
November median home list price: $390,000
Forecasted 2024 home sales price change: 7.2%
Forecasted 2024 home sales change: 6.1%
Grand Rapids, MI has been identified as a real estate market with significant potential in 2024. Its affordable housing options and growing economy make it an attractive choice for those seeking to invest in real estate.
10. Los Angeles, CA
November median home list price: $1,150,000
Forecasted 2024 home sales price change: 3.5%
Forecasted 2024 home sales change: 9.2%
Los Angeles, CA continues to be a focal point in the real estate landscape in 2024. Its diverse housing options, strong job market, and cultural appeal solidify its position as a must-see real estate market for buyers and investors.
As these markets continue to evolve, they present lucrative opportunities for those looking to make strategic real estate investments. Whether you’re considering your first land purchase or expanding your property portfolio, staying informed about the hottest real estate markets of 2024 is essential for making sound investment decisions. Keep a close watch on these dynamic cities, as they are poised to offer promising returns and exciting prospects for real estate enthusiasts in the coming year.
